Gold and silver should rise in price
Times are not easy; recession and stagflation are expected. Precious metals should benefit.
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A recession is increasingly expected in the USA. Since the safe haven gold should actually become increasingly attractive, prices should also rise, at least in the coming months and quarters. At least, that's how the experts at Commerzbank see it. What is currently still working against a price increase are the strong ETF outflows. As a protection against inflation and problematic developments in the financial system, gold is particularly suitable as an investment vehicle. But silver, palladium or platinum would also be possible. The difference is that these precious metals, unlike gold, are more often used in industry. The gold-silver ratio currently speaks more in favor of silver. Also, a deficit is expected for the silver market. If the gold price then goes up, this will additionally push the silver price.
So there are serious positive prospects for silver investments. Fluctuations in the price due to fears of recession are currently also hitting gold's little brother. High inflation figures should speak in favor of silver, especially if speculative investors start to put more emphasis on their silver positions again. And this is to be expected, because silver is now an essential raw material in the green energy sector, for example in the solar industry, where demand will increase significantly in the next few years. The 5G network, which is being expanded, also needs silver. So now could be the right time to get in as an investor. Among silver companies, Tier One Silver and MAG Silver are appealing.
Tier One Silver - https://www.youtube.com/watch?v=sPEbckK019I - is looking after silver, gold and base metals in Peru. Exploration work is underway on the Curibaya, Hurricane Silver, Corisur and Coastal Batholith projects.
MAG Silver - https://www.youtube.com/watch?v=amWboMpypqk - focuses on high-grade silver projects in North and South America. The Juanicipio project in Mexico is the flagship project.
Latest corporate information and press releases from Tier One Silver (https://www.resource-capital.ch/en/companies/tier-one-silver-inc/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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